- Retail Center in Fresno, CA: 12,430 SF retail center built in 2007 on 1+ ac lot. Tenants include: Wells Fargo, Lety’s Mexican Grill, A-1 Eyebrow Salon, Liquor King, Mane Attraction and Papa Murphy’s Pizza. Adjacent to Walgreen’s pharmacy. 100% NNN leased. NOI $260K/yr. $3.6M. 7.24% cap.
- Johnny Carino’s restaurant in Lake Charles, LA: 6,532 SF Italian Restaurant built in 2003 on 1.57 ac lot at main retail corridor. Between Lowe’s & across from Walmart Supercenter. Near I-210. 17 yrs absolute NNN corp lease with 7 yrs left. NOI $173K/yr with 1.5% annual rent increases. $1.93M. 9% cap.
- Retail Center in Fraser, MI: 10,000 SF attractive retail center constructed in 2007 on over 1 ac lot at a hard corner location. Close to 85-store Macomb Mall. 100% NNN leased to two tenants: Anytime Fitness and Ram's Horn restaurant. NOI $144K/yr. $1.65M. 8.73% cap.
- Retail Center in Fayetteville, NC: 17,319 SF consisting of two well-maintained retail buildings on 1.77 ac lot in a growing and high income (AHI $80K/yr in 1 mile) area. On an off/on ramp of All American Freeway. 74% leased. NOI $189K/yr. $1.75M. 10.81% cap.
- Starbucks Coffee in Penfield, NY: 2567 SF attractively recently renovated Starbucks Coffee on .80 ac lot in high income Rochester suburbs. 100% NNN lease with 7 yrs left. NOI $103K/yr with generous 15% rent bumps every 5 yrs. $1.475M. 7% cap.
- Titlemax in Houston, TX: 3303 SF retail center renovated in 2005 on .63 ac lot along major corridor. 10 yrs NNN- corp lease with 9+ yrs left. NOI $79K/yr with a 10% rent increase in yr 6. $1.132M. 7% cap.
- MOB in Phoenix, AZ: 21,517 SF medical office building remodeled in 2011 on .90 ac lot. Across from 450+-bed St. Joseph’s Hospital and Medical Center. 95% leased to stable and diverse medical tenant mix. Pro forma NOI $210K/yr. $2.9M. 7.25% cap.
(c) Transmercial 2013
No comments:
Post a Comment